Monday, May 5, 2014 / by Teresa DiPeso
Top 10 Remodel Projects Pay Off For Sellers
Home improvement projects across the board are giving home owners a greater return on their investment when it comes time to sell. But which remodel project pays off?
The fan favorite in the 16th annual Cost vs. Value Report, was again the steel door entryway. Topping the list last year as well, this project is ideal for clients considering a quick update to the curb appeal of a home. The survey shows that a new steel door, with an average cost of $1,162, will recoup 96.6 percent of the remodeling cost at resale.
Making the biggest gain in percentage of recouped costs was the addition of a backup power generator. This project, averaging $11,742, jumped 28 percent in estimated resale value, recouping 67.5 percent of its cost in 2013. Usually at the bottom of the list, this project now ranks 25th out of the 35 projects. The increase is attributed in the report to 2013’s “unpredictable weather and multiple large storms.”
Top 10 midrange and upscale projects from the 2013-14 Cost vs. Value Remodel Report:
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Top 10 Midrange Projects 1. Entry Door Replacement (steel) 2. Deck Addition (wood) 3. Attic Bedroom 4. Garage Door Replacement 5. Minor Kitchen Remodel 6. Window Replacement (wood) 7. Window Replacement (vinyl) 8. Siding Replacement (vinyl) 9. Basement Remodel 10. Deck Addition (composite) |
Top 10 Upscale Projects 1. Siding Replacement (fiber-cement) 2. Garage Door Replacement 3. Siding Replacement (foam-backed vinyl) 4. Window Replacement (vinyl) 5. Window Replacement (wood) 6. Grand Entrance (fiberglass) 7. Deck Addition (composite) 8. (tie) Bathroom Remodel (tie) Major Kitchen Remodel 9. Roofing Replacement 10. Bathroom Addition |
When you are ready to sell your home the Jersey Shore Realty Group is here to help. Call our team today!
Courtsey Realtor Magazine
